Final answer:
The base of a company's business model is formed by answering five questions: Who, What, How, When, and Why. This framework helps define the target audience, the product or service, the production process, the timing, and the purpose of the business. The correct option that lists these questions is option b) Why, How, What, Who, When.
Step-by-step explanation:
The five questions that form the base of a company's business model are: Who, What, How, When, and Why. These questions help in determining the target audience (Who is affected by the problem), the product or service (What product or products should the firm produce), the production process (How should the products be produced), the timing (When will this need to be accomplished by), and the purpose or motivation (Why are you wanting to do it). These five questions are essential in exploring the problems a business aims to solve, the needs it targets, and the strategies it must employ to meet its objectives.
From the options provided, the correct answer to the list of questions forming the base of a company’s business model is option b) Why, How, What, Who, When.